LONDON, May 15 (Bernama-GLOBE NEWSWIRE) -- The share of CEOs forced out of office for ethical lapses has been on the rise, according to the 2016 CEO Success study released today by Strategy&,
PwC’s strategy consulting business. The study, which analyzed CEO
successions at the world’s largest 2,500 public companies over the past
10 years, reports that forced turnovers due to ethical lapses rose from
3.9 percent of all successions in 2007–11 to 5.3 percent in 2012–16 — a
36 percent increase, due in large part to increased public scrutiny and
accountability of executives.
GLOBAL STUDY ON CEO TRENDS INDICATES A SIGNIFICANT UPTICK IN CEOS FORCED OUT OF OFFICE FOR ETHICAL LAPSES: PWC'S STRATEGY&
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